NIFTY
Highest Call writing of 34.12 Lakh at 22700 Strike followed by 33.96 Lakh at 23000 Strike and 29.66 Lakh at 23200 strike. Maximum Put writing of 28.43 Lakh at 22700 Strike followed by 27.70 Lakh at 22500 strike and 26.59 Lakh at 22600 Strike. Index closed near 22650 level.
Index has resistance near 22700 – 22725 level and if this resistance is broken and sustain then index may reach near 22800 level and if 22800 is broken then reach near 23000 level.
Index has strong support near 22525 - 22500 level and if this support is broken then index may reach near 22425 level.
Trade closed: target reached:
Gap up opening but could not break 22800 level then tanked to low near 22350 level but maintained to close above 22425 support level.